Nhlanhla Nene

  • The market likes “The Cyril Shuffle”
  • President Ramaphosa announced a late-night cabinet reshuffle that has seen some key Ministry replacements, notably the return of Nhlanhla Nene to the finance ministry and Pravin Gordhan as Public Enterprises Minster. One of the most important legislative changes made in the past week was the increase in offshore allocation in Regulation 28. African focused investments are now limited to a max... ››› more
  • [27 February 2018]
  • What are the chances the finance minister will introduce a new wealth tax?
  • Tomorrow, the finance minister Nhlanhla Nene will give his medium-term budget. With the government's coffers feeling the strain of slowing economic growth, Nene is under pressure to introduce new ways of increasing tax revenue. But how is he going to do it? Since Thomas Piketty, a French economist, suggested introducing a new ‘wealth' tax in SA, could this happen? Let's take a closer lo... ››› more
  • [20 October 2015]
  • What happened at Nene's debut mini budget?
  • This afternoon, recently appointed finance minister Nhlanhla Nene gave his first medium-term budget. So what did the finance minister's mini budget contain? It detailed how he plans to cut government spending and it contained some bad news on the tax front for South Africans. Let's take a closer look… The finance minister is set on cutting costs and boosting revenue to the government... ››› more
  • [22 October 2014]
  • Pravin Gordhan loses his finance minister job to his deputy Nhlanhla Nene
  • Yesterday, President Jacob Zuma announced his new cabinet following his re-election a couple of weeks ago. President Zuma decided to move Pravin Gordhan from his finance minister position. Mr Gordhan is now the minister of co-operative governance and traditional affairs. The finance minister slot goes to Nhlanhla Nene. Over the past five years, Mr Nene was the deputy finance minister. Let's take a... ››› more
  • [26 May 2014]

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